How much are you required to withdrawal from your retirement account?
Once you reach age 70?, the IRS requires you to withdraw a minimum amount of money each year from your retirement account. This amount, also known as your Required Minimum Distribution (RMD), is determined by your age and account balance—so it changes each year.
Do you have multiple IRAs??Even though you must calculate each account individually, you can take your total RMD amount from one account or many.
Did you inherit a retirement account??If you are a beneficiary of a retirement account, use our Inherited IRA RMD Calculator to estimate your minimum withdrawal.